Summit Trail Advisors’s Five Below FIVE Stock Holding History

Summit Trail Advisors’s Portfolio FIVE Stock Details FIVE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$5.08M	Buy	22,232 +4,456	+25%	+$932K	0.07%	168
2025 Q4	$3.35M	Sell	17,776 -2,023	-10%	-$329K	0.06%	205
2025 Q3	$3.06M	Buy	19,799 +3,823	+24%	+$541K	0.04%	247
2025 Q2	$2.1M	Buy	15,976 +12,683	+385%	+$1.24M	0.04%	255
2025 Q1	$247K	Buy	+3,293	New	+$289K	0.01%	352
2024 Q4	–	Sell	-2,713	Closed	-$240K	–	522
2024 Q3	$240K	Buy	+2,713	New	+$229K	0.01%	620
2023 Q1	–	Sell	-1,781	Closed	-$315K	–	411
2022 Q4	$315K	Hold	1,781	–	–	0.01%	273
2022 Q3	$245K	Sell	1,781 -40	-2%	-$5.25K	0.01%	302
2022 Q2	$207K	Buy	+1,821	New	+$262K	0.01%	347
2018 Q4	–	Sell	-1,157	Closed	-$150K	–	162
2018 Q3	$150K	Sell	1,157 -321	-22%	-$35.7K	0.03%	215
2018 Q2	$144K	Buy	+1,478	New	+$119K	0.05%	165
2018 Q1	–	Sell	-1,875	Closed	-$125K	–	860
2017 Q4	$125K	Buy	+1,875	New	+$113K	0.02%	564

Other funds holding FIVE

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

AQR Capital Management

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

American Century Companies

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Federated Hermes

Federated Hermes Pittsburgh, Pennsylvania $61.5B AUM 30.7% 1-Year Est. Return

Two Sigma Investments

Two Sigma Investments New York $121B AUM 33.93% 1-Year Est. Return

D.E. Shaw & Co New York $127B AUM 43.98% 1-Year Est. Return

Marshall Wace London, United Kingdom $93.4B AUM 35.1% 1-Year Est. Return